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    Fibs don't work

    Max, your right regarding analysing charts part,but the fib levels i use are just levels (from the fibonacci sequence) levels to give me my strategy.as a counter trend trader i am just trading the ebbs and flow of the market. but my retracement levels are constant. One time frame, one pair.
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    Fibs don't work

    Follow on from my last post, i have looked at many many indicators when starting to trade but found for me at least that they were all lagging, i use Fibonacci pre agreed levels to give me entry levels to enter the trade (scale in) exit level and an agreed Fib level as a hard stop.
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    Fibs don't work

    Fibs work for me, until they don't the same as all strategies ,but as long as your agreed stop is in place. all ok just move on to the next trade. as you all know, as long as you win lose is in favour so be it.
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    Fibs don't work

    Please watch the candles being painted
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    Fibs don't work

    Sorry 1.07335 to 1.7341
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    Fibs don't work

    Well Mick, Just place a Fib trade on the 1 min chart at 00:12 uk time ,,long not cherry picking level 127.00%
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    Fibs don't work

    We all trade with our individual edge , be it Fibs via extensions or retracements. We possibly all use different levels, for entry and exits. and (Time Frames) But if YOUR Edge - Fib level works for YOU , and you are consistently making a % per day-week-month that suits you. Good on you.
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    The great importance of demo account for beginners

    A Demo/ Sim account is the only way to start. If you have your proven strategy and you have back test it, and then give 60 trading days on a sim. and you have a p&l which is what your back testing results gave you. Then and only then can you move to the next stage.
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    Using Fib Lines to place orders

    So Has the thread moved ?
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    Money Management in Forex

    Spot on Paulsy.
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    Fibonacci levels for intraday trading

    Hierophante Great Sharing Just watch the Candles being painted.
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    Money Management in Forex

    Hi, I place trades by averaging in to positions at pre determined Fib lines, but my agreed entry position are set against my stop (hard Stop) which would be .5% lose of my over all balance. Now, before the trade hits my target, i may take profit from one or several entry points , and if the...
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    Using Fib Lines to place orders

    easymon1 Gimmee a break, lol. I don't want your edge. What I want - is to know if you are serious that "the trade will have played out before you trade the Retracement." To that I say horsefeathers. Thought maybe we'd see an example of what you state above...
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    Using Fib Lines to place orders

    Hi easymon1 as we all know, we can all have a strategy and trade it perfectly day in, day out entries,exits ,stops. all in place. But if the Strategy has no edge, Well . ?+
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    Using Fib Lines to place orders

    Hi easymon1 I trust you are well. I am afraid i cannot share a chart as this is my Edge, i have been trading intermittently for many years.and am still learning FX With my main job. i started trading currencies part time some 15 years ago working on finding a strategy which works, and a time...
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    Using Fib Lines to place orders

    Trading Fibonacci Retracement with pattern recognition is an alternative, as the trade will have played out before you trade the Retracement.
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    Using Fib Lines to place orders

    Been trading Fib's on xauusd for a while, was looking for 1793.17 by the morning .or hit stop . we will see. Just another trade. (any one else see the trade)? On the other screen i have been watching WTI Cash also works on Fib lines.
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    Using Fib Lines to place orders

    XAUUSD
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    Using Fib Lines to place orders

    Target 1769.11
  20. T

    Using Fib Lines to place orders

    Good trade, i use the 5 min Chart.
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